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Core sector output shrinks 8.5% in August

Contracting for the sixth consecutive month, the output of eight core infrastructure sectors dropped by 8.5% in August, mainly due to decline in production of steel, refinery products and cement. The production of eight core sectors had contracted 0.2% in August 2019, showed data released by the Commerce and Industry Ministry on Wednesday.

Barring coal and fertiliser, all sectors — crude oil, natural gas, refinery products, steel, cement and electricity — recorded negative growth in August.